Diversified Trust Co. Grows Holdings in ProShares UltraPro QQQ $TQQQ

Diversified Trust Co. boosted its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 100.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 110,000 shares of the exchange traded fund’s stock after acquiring an additional 55,000 shares during the quarter. Diversified Trust Co.’s holdings in ProShares UltraPro QQQ were worth $5,799,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MFG Wealth Management Inc. increased its position in shares of ProShares UltraPro QQQ by 98.3% during the fourth quarter. MFG Wealth Management Inc. now owns 67,453 shares of the exchange traded fund’s stock worth $3,556,000 after acquiring an additional 33,442 shares during the last quarter. Advyzon Investment Management LLC boosted its holdings in ProShares UltraPro QQQ by 145.6% in the third quarter. Advyzon Investment Management LLC now owns 45,678 shares of the exchange traded fund’s stock valued at $4,723,000 after purchasing an additional 27,081 shares during the last quarter. Ausdal Financial Partners Inc. boosted its holdings in ProShares UltraPro QQQ by 778.5% in the third quarter. Ausdal Financial Partners Inc. now owns 51,698 shares of the exchange traded fund’s stock valued at $5,346,000 after purchasing an additional 45,813 shares during the last quarter. Orion Porfolio Solutions LLC boosted its holdings in ProShares UltraPro QQQ by 148.2% in the third quarter. Orion Porfolio Solutions LLC now owns 84,408 shares of the exchange traded fund’s stock valued at $8,728,000 after purchasing an additional 50,404 shares during the last quarter. Finally, PMV Capital Advisers LLC grew its stake in ProShares UltraPro QQQ by 90.8% during the 4th quarter. PMV Capital Advisers LLC now owns 30,138 shares of the exchange traded fund’s stock valued at $1,589,000 after purchasing an additional 14,344 shares in the last quarter.

ProShares UltraPro QQQ Stock Up 3.5%

TQQQ stock opened at $44.57 on Tuesday. ProShares UltraPro QQQ has a 52-week low of $17.50 and a 52-week high of $60.69. The stock’s 50 day moving average is $50.50 and its two-hundred day moving average is $52.11. The company has a market capitalization of $23.92 billion, a PE ratio of 38.25 and a beta of 3.46.

ProShares UltraPro QQQ Company Profile

Proshares UltraPro QQQ ETF (the Fund) seeks daily investment results, before fees and expenses that correspond to triple (300%) the daily performance of the NASDAQ-100 Index (the Index). The Fund invests in equity securities, derivatives, such as futures contracts, swap agreements, and money market instruments. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.